Articles


  • Gold Prices "Succumb to Profit Taking" with "Market Situation Fragile" as Greek Deal "Off Track"



    Gold Prices slipped back to where they began the week during Tuesday morning’s London trading, falling 1% from yesterday’s 6-week high to $1665 per ounce.

    Silver Prices fell to $31.91 per ounce – a 1% drop on Friday’s close – as stocks and commodities also fell following news that Greek debt agreement remains elusive after yesterday’s Brussels finance ministers meeting.

    “Key support [for Gold Prices ] sits at the 200-day moving average, currently at $1643,” says the latest report from Scotia Mocatta technical analyst Russell Browne.

    “Gold succumbed to profit-taking yesterday,” adds Marc Ground, commodities strategist at Standard Bank.

    “The trend has continued into this morning, with the absence of Far East physical demand (due to Lunar New Year holidays) opening up the metal to further downside.”

    European finance ministers have backed Greece in calling for private sector holders of Greek debt to take bigger losses.


    Read full article
  • Rabindra Kayastha

    Authorized Person for MEX NEPAL
    Mob: +977 9856030634

  • Pawan Dhakal

    Biratnagar Branch Manager
    Mob: +977 9852033934

  • Our Clearing Member

    Himalayan Commodity Brokers
  • Our Banking Partners

    Laxmi Bank
  • Bank of Kathmandu
  • Nepal Investment Bank Limited
  • Century Commercial Bank Limited